On Monday Werner Steinmueller, the banks' Asia-Pacific Chief Executive told staff in a memo, seen by Reuters, that the bank was focusing on its core strengths.
"I was terminated this morning".
Deutsche Bank has said it will cut about 18,000 jobs worldwide over the next three years, as part of what it termed a "radical transformation".
DB shares plunged as much as 7 percent on the news.
Wall Street is arguably more powerful than ever.
Restructuring by 2022, workforce cut by about 18,000 employees, to roughly 74,000.
Numerous structured lending solutions, club deals and private investments Deutsche was able to offer clients were a direct result of its investment banking prowess.
It said it would cut roughly a quarter of its total cost base through steps such as dropping the investment bank's stock-trading business.
GERMANY'S Deutsche Bank has said it will cut 18,000 jobs by 2022 to increase profitability and boost shareholder returns - with workers in London and NY to be hit hard.
The restructure comes after the bank suffered multiple blows to its reputation in recent years, including failed stress tests in the United States and raids by German police in November as part of money laundering investigations.
The bank which has struggled to make money for many years, has said it can not confirm yet if the islands will be affected by job losses.
Deutsche Bank had lagged behind rivals in Asian equities recently, coming in 11th by revenue among global firms a year ago, according to Coalition Development.
The bank said it did not expect to have to raise additional capital from shareholders.
Deutsche had some 4,700 staff in Sydney, Tokyo, Hong Kong and Singapore, showed fact sheets on its website.
To save on costs, the company is cutting its investment banking side as well as offloading billions of Euros of assets.
Several workers were seen leaving the offices holding large envelopes with the bank's logo.
One equities trader in Hong Kong said the mood was "pretty gloomy" as people were called in to meetings.
'If you have a job for me please let me know.
He said the bank was now going further than previous attempts at "trimming" itself, instead axing whole businesses within the group.
"We regret that the changes we are making will affect some of our colleagues and we will do everything we can to support them".
However, the bank will never be the same and "this is serious trouble" for the lender as well as the entire financial system, the investor believes.
Matthew Cyzer, the head of sales trading at Deutsche Bank in London, is understood to be moving with a team of around ten people to Cowen, the U.S brokerage firm which is building its presence in London.
Sewing will now represent the investment bank on the board in a shift that illustrates the divisions's waning influence.